Ripple's XRP continues to face significant selling pressure across both its USDT and Bitcoin (BTC) pairs, with technical analysis indicating a persistent bearish structure despite short-term stabilization near key support levels. The broader market downturn, influenced by Bitcoin ETF outflows and geopolitical tensions, has pulled XRP lower alongside other major cryptocurrencies.
On the XRP/USDT chart, the asset remains confined within a multi-month descending channel, maintaining a bearish daily trend. The price is currently hovering around $1.36, having failed to reclaim the mid-channel resistance and the critical 100-day and 200-day moving averages, which now act as dynamic resistance around $1.80 and $2.20 respectively. Analysts note that as long as XRP trades below these levels, the structure favors continued weakness rather than a confirmed reversal.
The key short-term support zone to watch is between $1.10 and $1.20, which aligns with the channel's lower boundary and has historically attracted buyer demand. A decisive break below this region could open the door for a much deeper decline. For any sustained bullish recovery, bulls would first need to reclaim the $1.80 zone before targeting the broader $2.40 to $2.50 resistance band.
The situation against Bitcoin is similarly weak. The XRP/BTC pair is trading around 2,000 sats and remains below its major moving averages. It faces a strong resistance cluster between 2,200 and 2,400 sats, a level created by the confluence of the 100-day and 200-day moving averages. Multiple failed attempts to break and hold above this range underscore the lack of buyer control. A breakdown below the current 2,000 sats support could expose lower levels around 1,500 sats and potentially 1,200 sats.
Market indicators present a mixed picture. The Relative Strength Index (RSI) has improved slightly from oversold conditions but lacks the momentum strength to confirm a sustained bullish shift. On-Balance Volume (OBV) continues to trend lower, signaling weak accumulation, while the Commodity Channel Index (CCI) oscillates in a neutral zone. In the derivatives market, a gradual increase in net short positions indicates sentiment is geared towards near-term downside risks, though this could set the stage for a short squeeze if prices begin to rise.
The immediate price action is centered around a tight range, with $1.35 acting as a crucial floor and magnet for buyers. If this support holds, XRP could rise back to $1.40, with subsequent resistance found between $1.45 and $1.48. A clean break above this range could target $1.55. Conversely, a break below $1.35 would shift focus to the $1.30-$1.32 demand pocket, followed by the $1.25 level, with the February low of $1.11 serving as the ultimate bearish target.
